Leading document capture and processing software company, ITESOFT, is to supply its automatic Invoice management and processing solution, ITESOFT.FreeMind for Invoices, to Vinci Construction Grand Projects, part of
the Vinci Group, to process the 15,000 supplier invoices it receives annually.
With a 669 million Euro turnover in 2003, Vinci Construction, an infrastructure specialist for civil engineering projects, is involved with over 50 separate projects across the world and has over 3,000 staff.
The invoices received annually by Vinci Construction will be automatically read, checked and verified by ITESOFT.FreeMind for Invoices and integrated into Vinci's existing ELODI ERP applications and document management system.
Vinci Construction undertook a detailed study of eight different Invoice processing solutions on the market in order to make certain of choosing the tools best suited for its business needs and environment and selected
ITESOFT.FreeMind for its performance and functionality.
Denis Galli of Vinci Construction Grands Projets' Organisation & Methods department said: "Following a comprehensive study and intensive benchmarking of various ADP and workflow software companies, we chose ITESOFT. Our choice was driven by ITESOFT's product which unquestionably offered the best
line-up of automatic and document processing solutions, addressing every stage of the invoice handling process, from capture to approval workflow and export to our ELODI ERP."
The initial stage of the invoice capture and processing solution will become operational in January 2005 at the company's head office and will then be rolled out to the Group's main construction sites.
Accounts specialist of Vinci Construction Philippe Masselot adds: "ITESOFT carried out a detailed analysis of our project as well as constructing a prototype, allowing us to appreciate the depth of experience in both the finance and technical fields ITESOFT held."
A market leader in automatic document capture processing, ITESOFT has installed some of the largest automatic document processing projects in Europe such as; Orange, ING Direct, Redcat Group, Secodip and Tupperware,
processing tens of thousands of documents daily across 600 sites.